Shares of Evoqua Water Technologies Corp. (AQUA), a provider of water and wastewater treatment systems and technologies, are rising more than 8% Tuesday morning after reporting better-than-expected fourth-quarter results.
Profit for the quarter increased to $41.3 million, or $0.33 per share from $26.9 million or $0.22 in the prior year period.
The increase in net income was favorably impacted by a non-cash benefit of $17.3 million associated with the release of a tax valuation allowance, as well as increased operational volume.
Analysts on average, were expecting earnings of $0.32 per share.
Revenue for the quarter increased 18.5% year-on-year to $504.8 million. The consensus estimate was for $465.75 million.
AQUA, currently at $42.17, has traded in the range of $30.44-$49.38 in the last 1 year.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.